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Explain negotiation and auction bidding service

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Reference no: EM132859780

Connect Skills Buyers Agency has the following fee structure:

  • An initial fee of $990 (inc. GST) to commence the process. This is fully deducted from the success fee once the property is secured.
  • Full Search and Acquisition service is 1.65% of the purchase price.
  • Negotiation and Auction Bidding service is 1.1% of the purchase price.
  • Auction attendance fee of $450

The client payed the initial fee, the negotiation and auction bidding service and the auction attendance fee.

If the purchase price for the property is $700,000, and the please calculate the total fee and display like an account to the client.

Reference no: EM132859780

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